UAE still remains the most attractive property market within the region. This week a gathering of new and repackaged development at Cityscape Global in Dubai is expected to serve as a shortlist investment options. This will fall right in place for the predicted market rebound in the run up to Expo 2020.
This showcase will bring together 300 exhibitors from 30 countries and would be held at the Dubai Wold Trade Centre. It is held annually and 40,000 visitors and delegates are expected to grace the occasion.
“As Cityscape gears up for its landmark 15th anniversary, it’s important to note it coincides with Dubai getting ready for one of the most important events in its timeline. We are excited to welcome Expo 2020 as part of the exhibition this year, working together with Dubai South, the developer of the master plan where the Expo site will be located.” Tom Rhodes (Exhibition Director).
Announcement from the UAE and international developers is expected.
The Pulse and The Villages
Tower at Dubai Creek
Projects at; Downtown Dubai, Dubai Hills Estate, Arabian Ranches and Jumeirah Village
John Stevens (Managing Director, Asteco) said in a media statement. “We expect to see further marginal declines in values over the next six months as the market looks likely to bottom out by year end with, at most, a 5 per cent decline. This could be offset by potential increased transaction volume as lower prices unlock demand and stimulate renewed interest from single-unit buyers for soon-to-be-completed buildings.”
Countries; Egypt, Tukey and Saudi Arabia
“Pakistan represents a strong investment option, as the sixth-largest country globally in terms of population size and a stabilising political situation, foreign investors are paying attention to the opportunities presented to them by investing in this region,” says Rhodes. “Pakistani nationals ranked 2nd on our list of international visitors in 2015.”